HANOI (Reuters) – Samsung Electronics has started building a $220 million research and development center in Vietnam, the South Korean tech giant’s local unit said on Monday.
FILE PHOTO: The logo of Samsung Electronics is pictured at the company’s factory in Tijuana, Mexico, June 1, 2019. REUTERS/Jorge Duenes
But a ground-breaking ceremony, scheduled for this past Saturday, was canceled because of a virus outbreak that led to travel restrictions on South Koreans, Hong Sun, the vice chairman of Korea Chamber of Commerce in Vietnam, told Reuters.
A Samsung Electronics spokeswoman confirmed the cancellation, but did not provide any other details.
Construction of the center in Hanoi will be completed by the end of 2022, Samsung Vietnam said in a statement, adding that the center will employ between 2,200 and 3,000 people.
Samsung is the single largest foreign investor in Vietnam, with investments totaling $17 billion, it said.
The center as planned would be the largest of…
Source Reuters Tech News
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